Unit 9: Boom to Bust 1920 - 1939 Topic 3-4: Great Depression and New Deal Notes Stock Market Crash Review Prices inflated from _____________________ and _______________________________. Stock sell-off spins out of control on Black Tuesday Billions lost in one day! What do you think the man in the cartoon means in his answer to the squirrel? Deep thoughts President Hoover…..thanks for nothing Does _________ to stop the Depression The Federal Reserve (the national bank) does ___________ to help the economy (It could have put more $$ into circulation) _______________________ wins the 1932 election FDR – Democrat from NY Name: _________________________ Block: _________________ Date:__________________ Bank Failures _________________________ _________________________ ________________ No insurance against bank closings. Thousands of banks close. Who were the heroes of the 1920’s? What’s the difference? Why do you think that is? The only thing we have to fear is fear itself! - FDR Makes the most of his first 100 days in office. It’s 1932 and the Depression has been going on for 3 years. If you were FDR (or part of his “brain trust”, the smart people he hired), what program(s) would you put into place during your first 100 days in office? (That is the time when Congress is most likely to pass your programs without a fight.) Type of Program WRITE BIG Purpose - Immediate help - ___________ and support - Relief programs - Help bring parts of the - Changes to laws economy out of the - Permanent programs depression _______ to avoid another ________ ________________ - Restart demand Examples Picture to help me remember In my own words, what was the DUST BOWL and why did it happen? What were some of the criticisms of the New Deal?